Why 2021 is the best time to invest in Bitcoin?
If you plan to invest in bitcoin, then 2021 is the best time for you as bitcoin gave a big boost after hitting an all-time high. People expect more from Bitcoin in 2021 in crypto trading. That’s why Indian traders are increasingly investing in bitcoins. Bitcoin, the world’s most famous cryptocurrency, is the center of a big attraction because bitcoin gave the highest returns in the last month of 2020. Bitcoin is a cryptocurrency that is being discussed worldwide, and its special thing is that by investing in it, people get good profits in a short time.
With the rise in bitcoin price, investors became more interested and got a big advantage in the bull market. This surge has led Bitcoin to top the charts this year. Industry analysts predict that the current rally is moving forward and that the investor should continue investing.
What is Bitcoin? Brief Summary
Bitcoin is a cryptocurrency that is digitally or virtually based. Bitcoin can be compared to an online version of cash. You can use it to buy products or services, but not many shops accept Bitcoin yet but soon it will be accessible everywhere. The physical Bitcoins you see in photos are a case of novelty. They would not be of any worth without the private codes printed inside them.
This year Bitcoin hit the most remarkable mark in its history of the bull market. This led Bitcoin to be even more popular and notable by almost everyone who has the faintest idea of cryptocurrency.
Each Bitcoin currency is a computer file that is stored in the form of a ‘digital hard wallet or soft wallet’ app on a smartphone or computer. People using this can send Bitcoins (or part of one) to your digital wallet, and you can send the received Bitcoins to other people. All the transactions that are done are recorded in the form of a public blockchain to prevent theft or any other forms of scams.
Start investing in Bitcoin
To start investing in Bitcoin and/or different cryptocurrencies you initially have to register on-line with an exchange that can permit you to buy Bitcoin in India. An exchange broker is a web platform that allows you to buy and sell Bitcoin still as the other cryptocurrency that they need to be listed.
If you wish to buy and invest in Bitcoin quickly then simply put together your MasterCard and explore BuyUCoin Exchange!
Is Bitcoin a good investment in 2021?
If you are planning to invest in Bitcoin and buy Bitcoin at best price, then 2021 is the best time to invest in Bitcoin As we all know that Bitcoin has managed to overcome certain barriers and reach $40000. This is the highest any crypto has ever managed to go up. From its previous peak of over $19,500 in December 2017, Bitcoin fell into a lesser price in late 2018.
However, it managed to exponentially grow and is the best investment for this year. Bitcoin is completely legal and it is possible to buy these cryptocurrencies against a good return investment within a short duration of time. After the verdict of the Supreme Court, these regulations were lifted but still, the government is trying to regulate this virtual money.
According to coindesk latest news Bitcoin’s Active Addresses, Trading Volumes Now at All-Time Highs
Why Bitcoin?
Bitcoin is an excellent investment. The following reasons denote why it is so popular and demanding in the bull market. Initially, Bitcoin was the first digital asset to begin the current ecosystem of cryptos. Though Bitcoin is at the (very) “high-risk” end of the investment spectrum, it managed to sustain its momentum.
Bitcoin Vs Ethereum
It would be surprising if the investors aren’t impressed with the way Bitcoin is taking over the market now and decide to invest their money in this coin.
Bitcoin was first traded back in 2009. In the early days, one could easily buy these new digital tokens for less than $0.01. Prices steadily rose until peaking above $20,000 per coin in late 2017. Ethereum initially started in 2015 at $2.83, and within three years it turned to $1,400.
Despite being the two biggest cryptocurrencies by market capitalization, Bitcoin and Ethereum are different, developed for other reasons and with extremely different internal dynamics.
Bitcoin
This is a growing cryptocurrency where no other coin can even come close to Bitcoin or BTC. The dollar amount of all remaining Bitcoin was $150 billion. The estimated market capitalization for all cryptocurrencies is $230 billion, and the second-most important digital asset was Ethereum, with a market worth less than $18 billion.
This clearly shows that Bitcoin is a better investment against that of Ethereum.
However, the debate for supporting Ethereum to be the better one is mentioned below.
Ethereum
Ethereum is used to facilitate Ethereum transactions that are called “ether,” but it’s popularly known as Ethereum. In any case, the number of repositories linked to Github Ethereum is 223 to the four repositories of Bitcoin. Repositories are equivalent to project directories in which Github developers can access project information.
In the last month of December of 2019, the price of Ethereum was also very high with Bitcoin, and people have also increased their investment in Ethereum in 2020.
Worth to Buy Bitcoin in India
Well, the price of Bitcoin is indeed a lot higher as the number of coins is also reducing in total. The statistics surrounding the coins worth is given as One bitcoin equals 25,60,574.31 Indian rupees. Resistance against digital currency, however, will undoubtedly continue for purchases and transactions.
Bitcoin is not commonly used for transfers partially because of high transaction costs. Also after December 2017 people began to get involved in Bitcoin and the market cap unexpectedly collapsed and it all dropped. From this year on it came back and had such a good impact on people’s minds that, if expected right, it would quickly overtake the storage value of gold.
The Hedge Fund notes that Bitcoin is an attractive new asset class with attractive demand and complexities of supply and has been steadily at risk over the last three years. Bitcoin is now defined by the Hedge fund as a monetary life raft of gold 2.0, which is used worldwide.
According to coindesk Bitcoin Price Could Hit $50K in 2021
Most people agree that Bitcoin will store money safely in the fear of government confiscation and hyperinflation. In the first months since the launch, for example, the entrance of the Square Cash App, MicroStrategy, and PayPal, which have gained $600 million in bitcoin, endorse BTC.
Bitcoin price today is $35,780.60 with a 24-hour trading volume of $61,760,031,716. BTC price is up 2.3% in the last 24 hours. It has a circulating supply of 19 Million BTC coins and a max supply of 21 Million. BuyUcoin cryptocurrency exchange in India is the current most active market trading it. The top exchanges for trading in Bitcoin worldwide are currently Binance, Huobi Global, Binance.KR, EtherFlyer, FTX and BuyUcoin.
Why you should go for Bitcoin?
The Bitcoin price will potentially display a rise of 25 times over the next decade beginning from the current price of $19K, as recently called by the Winklevoss Twins. Bitcoin’s market value is just 350 billion dollars. Compared to the gold market cap, that is not significant.
- Bitcoin is scarcer than Gold:
If you think Gold to be of a rare value then think again. The truth is that Bitcoin is more scarce than Gold. Bitcoin is more portable. You can carry your Bitcoins with you around the world in an anonymous way. Gold can also be confiscated at any time by the Government but the government has no authority over this virtual stash of cryptocurrency at all. - Fraud-proof:
Bitcoin is stored in a public ledger. All identities of the transactions are kept safe thereby making it more secure and transparent for the users. Because the currency is decentralized, you own it. The government or bank does not have any control over it. - Identity Theft:
The ledger overlooks that all their transactions between digital wallets can estimate a correct balance. This public ledger is known as transaction blockchain. Cryptos and “smart” contracts guarantee safe digital transfers that make the company practically unhackable and unregulated by fraud. - Instant Settlement:
All you need is a smartphone and a proper internet connection to start your journey with crypto mining. There are no piles of government forms that need to be signed, verified and only then would you be able to start mining these coins. Therefore, Blockchain is the reason why cryptocurrency has more value. Ease of use is the reason why the cryptocurrency is in high demand. - You are the owner:
No other electronic cash system is available that owns your account. The most important advantage is that these Bitcoins are not controlled by the government so the entire money is yours including the taxes that need to be paid when one enrols themselves in a bank.
Is Bitcoin risky?
Although Bitcoin shows assurances as well as support for the crypto-development community, there is not much secret about crypto-mercantilism pressure from regulators and banks.
The risk would be associated with daily investments. Crypto scams, less knowledge regarding Blockchain Technology would surely make people fall victim to these huge sums of money. This is the reason why a proper course or crypto is absolutely required for an investor or broker who is an expert at this referred domain.
Conclusion: Is Bitcoin a decent Investment and the way a lot of things can BTC Be Worth in 2021?
Yes, BTC is a great and guaranteed profitable investment for crypto enthusiasts for the year 2021. Because of All-time highs that are seen every day in the top headlines and its steady rise. BTC not only attracted online payment platforms like Paypal but also it turned the heads of top Institutional investors and Microstrategy groups to come forward and buy a lot out of it.
Whether or not you’re new to Bitcoin finance or simply interested in a way to create the foremost of your investment, understanding what to grasp before finance in Bitcoin is important.
Gradually, many crypto investors were benefitted at the end of 2020 and still, the BTC rally is in full swing and it is definitely the best time to buy some BTC and store it in your wallet.
If you want to buy Bitcoin in India after knowing the real-time Bitcoin price in INR, history of Bitcoin with charts then, and also Check Latest Bitcoin Price in INR BuyUCoin is one the best and the most reliable cryptocurrency platform, where you can invest not only in Bitcoin but more than 60+ cryptocurrencies at the best rate. To get a good return on your investment, sign up with BuyUcoin and start trading.
